speed of bar on 1 minute chart indicator?

Hi guys,

I have been watching the gbp/yen on the 1 minute chart and noticed sudden moves literally explode. So was just wondering if there is an indicator which could be designed to find these potential trades.

For example, in a 1 minute bar the price may move up and down 3, 4 pips for 58 seconds then suddenly down 10 pips in 2 seconds. So the indicator would look for the largest move in the shortest time. See attached example.

This is only an example but only testing of this would reveal if it had any potential to trade moves as they are literally starting.

The testing may reveal that when a bar has moved 15 pips in 5 seconds
it has an 80% chance of going a further 15 pips etc etc.

Anyway l hope someone may find this interesting enough to participate.

Thanks J

Actually, it would be nice to have something for this, at least for me, to monitor the movement in the opposite direction. I'm working with a grid system right now and, since the new FIFO rule came out, you can only place trades (more than one) going in the same direction. Something like this would keep me from placing too many trades and drawing my account balance down. As it is, I've set the limit on the number of trades I can place, and that seems to work fairly well. I was toying with a similar idea to what you're talking about earlier though.

I asked this the other day and wasn't able to find an indicator for exactly what you are talking about. When price starts surging, I'd like a audio alert that the market is really moving.

There has to be one somewhere as this would be very useful instead of staring at the screen hoping something will happen.or getting up to get a coffee and come back 10 minutes later only to find price has surged 50 points and you didn't know about it.

usually the market jumps, i see it every day, probly a indy that shows gaps is the key

yeah gaps would be part of this too, as this is something i have been watching on the 1 min charts. An indi for this and a price explosion indi would make this a very useful combination as they often occur together.
As becel said an audio alert and arrows pointing up/down at these price areas would make this easy to see if it had any validity on past data.

As far as Mt4 is concerned with regard to a historical view, you'll only be able to highlight gaps that occur on the single tick between the close of 1 bar and the open of the next.

MT4 wont store tick data (unless you build an indi or ea to save it) Even with a tick collector you'll only collate data from periods whilst your machine is running.

Ideally you'd need the tick collector indi to monitor for any gaps/surges and save these events to a separate file. Another indi could then be written to examine this 'event' file and plot arrows on say a 1 min chart.

Its doable and could offer some good insights but not without a lot of work.
Also without obtaining (buying) large volumes of quality tick data
you'd be limited to viewing only those gaps/surges that you collect whilst your tick collector indi is running.

Can't this be done by measuring "Rate of change" of ATR ?? Any sudden change in ATR can give an alarm?